St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-10-11
THE COMMERCIAL RECORD.
On the Chicago Board of Trade the
Feeling in Wheat Was Un-
settled.
Corn Was Weaker. Chiefly Owing
to the Extremely Large Re-
ceipts.
ira. 81 lions in the Financial Circles
of Wall Street.-The General
Quotations.
Special to the Globe.

Special to the Globe.
CHICAGO, Oct. 10.-Wheat was held up dur
ing the first hour and a half on the drift OF
the visible supply figures. 1t became evident
early that the increase was going 10 De
smaller than had been previously counted
on, and there was fair buying on that show
ing. December went from 12lsc near the
opening to 725s@72s4c, and May from 7Tl2c
to T7Isc. The feeling was bullish, and the
crowd felt encouraged at the thought OF
stocks higher than year ago by %, 600, 900
bus Then the government report was
sprung, and the tone of the market under
went a sudden change. Bulls changed front
and became bears. The bears were free sell
ers and the longs unloaded holdings.
The pit became dumping ground
for speculative wheat and real prop.
erty trade, which had been dull
became very active and the crowd in the pit
multiplied. A great deal of business was
transacted during the last hour and the tend
eney of values was steadily downward. The
market lost more than it had gained, the de-
cline averaging l2@SSc. Outside markets
were also weak, and the visible supply show
ing ceased to exert an influence for the time
being. The 1 o'clock range was near bottom.
Corn was soft from the start. November
started at 42l2c. December at 42lsc and May
at 45l2c. The shrinkage during the morning
was of light volume. 1t then swelled rapidly.
The receipts for Saturday were 800
cars over estimates and for Sunday
and to-day estimates at $50 cars.
good shipping demand is reported, but
speculation is shifting to the bear side, the
bulls displaying signs of weakness. Oats
ruled weak and slightly lower, with an in
crease in trade noted. Light receipts of live
hogs infused strength into provisions, and an
advance in all product for January delivery
is noted. At the afternoon session there was
fair activity in the grain pits, but little
change III prices. Wheat was a shade firmer
corn steady, oats easier and provisions I'M
changed. Closing prices at 2:30 p M:
Wheat-October. 69$sc; November. 7O84@
T07Sc; December, 72IS@72A; May, 72I2@
T29Sc. Corn-October, 42s5c; November,
T2lSc; December, 414@4l7sc; May, 45c.
OatS-October, 25$4c; November, 26c; May,
29s4c. Pork-January. SI2.27l2. Lard-Oc-
tober, S6.42l2@6.45; November, Sc 80; De-
cember, $50; January, So. 37l2@6 40 Short
ribs-oetober, 35@7.37l2; January.
S6.22I2.
THE ROUTINE REPORT.
CHICAGO, Oct. 1o.-This being the-day on
which the weekly announcement of the viSi-
bic supply OF grain is made, and also the day
of the month when SIatistican Dodge makes
public his figures on the crops of the coun-
v.
patton early i'll the session as to what effects
the official statement would have. The feel
ing III wheat was unsettled, and trading was
very active at times. Prices were Irregular
fluctuating within range of 5sc, but closing
at substantially the same figures that pre-
vailed Saturday evening. The opening was
strong and ls@Ac higher, influenced by firm
European advices, but influenced by liberal
receipts in the Northwest spec
ulative offerings became heavy and
prices receded SSc, then rallied under better
buying l2c, when it was known that the yisi-
BILE supply would not show as large an in
crease as had been calculated upon; but the
government report, which estimated the crop
at 45O.000,00O bu., or some 10, coo, 600 to
10000, 900 Blu. more than previous estimates,
helped TO weaken the market again, and after
some slight fluctuations the market left off
at about the final prices of Saturday Decem-
Der opened at 72SSc, sold TO 72l2c, receded to
72G12lSc, closing at 724S@!2Ac. May
97Sc to 77is977$sc, i the c aess
IN ing; Corn was weaker, Influenced
to inspection on one or two roads Sunday.
and the decrease in the visible supply of
297.000 bushels. The government crop re-
port also made a favorable showing and this
assisted the weakness to a considerable ex-
tent. The opening was about the same as
the closing prices of Saturday; ruled steady
for time then became weak, declining Iac;
changed some and closed ss63Iac lower than
Saturday. Stock here increased 29O. 600
bushels. The market was only moderately
active. November opened at 42l2c. and the
decline was continuous to 421Bc Nav
opened at 45l2c, selling down with little
variation to 45c bid.
Oats were somewhat more active but still
duh. The feeling was easy in sympathy
with other markets and large arrivals but
light trading prevented any important
changes. Speculative deliveries were about
ls@l4c lower. Provisions were slow, vet
owing to an advance in hogs, which arrived
or liz han Ix-aC o-afJa 4ad
strong feeling held control. Fluctuations.
however, were confined to narrow limits
January, the favorite future. sold at
So. 27l2@12.35 for pork; So 371a@6. 42Is
for lard, and S6.22I206 % Tor short ribs
The same month closed for pork at S12.27Ia
asked for lard at $685. bid, and for short
TIbs at S6.22l2; As compared with Saturday
these figures show an advance of 2lac in
pork and short ribs while lard was m
changed: October lard stood at So As a de-
cline of &c; short ribs for October sold at
advance of 2I2c.
The leading features ranged as follows:
Nheat-N0 October, Opened at 69ssc
e eoosins at 69$Sc; November, 6078, closing at
May, rise, closing at 77I2. Corn-No. .
October opened at 1880, closing at 42lBc:
November 42l2c closing at dc; December
42l2, closing at 4Is4c; May 45lsc. closing at
doe Oats-No. = October opened at 2S7sc.
cSLoSlhg at 2oS4c; November, 261sc closing at
9oc; May, 294sc, closing at 2934c; Mess
ddoIh,Der Dbl year, Closing at 12c; January
$l232l2, closing at S12. 2TI2. Lard. Per 100
ibs.October opened at $6.47I2, closing at
So.4o' November, $3.50 closing st Sc, 32is;
December, $3.50, closing at S6.37la: Jam,
airy, 80 40, closing at S637l2. Short ribs ner
100 lbs:-October opened at S7.25. CLOSING
at S7.37l2 January. So %, blessing at So. 22Is5
Cash quotations were as follows: Flour.
Quiet, unchanged. Wheat-No. 2 spring
694c; No. 3 spring, 65l2c; No. 2 red. re
Corh-No. 3 424c. Oats-No. 2, 257Sc
Rye Rye; 2 49e; Barley: No. ,, Csc Flax.
seed-Sl. 05 &@1. 06; prime timothy seed.
S2.26: mess pork. per Dbl, S135o0i4; lard
per 100 lbs. $6.5212 short ribs. sides.
Loosel S7.3715 dry sailed shoulders, (boxedC
S2.G0@5.70; short clear sides, (boxed}
SI70G7.76. Whisky - Distillers' finished
goods, per gal, SI.10. Sugars-Cut loaf
65S@6s4c; granulated, 6Mc asked; standard
a 57Bc asked. Receipts-Flour, bbls
$1,000; wheat. bu., 65, 600; corn, bu., 3O6,.
900; oats, bu.. 226, 900; rye, bu., 4, 900; bar
ley, bu., $4,000. Recefpts-Flour bbls,
1000; wheat, bu., IS, 900; corn, bu, 2S7,-
0OOi oats, bu,, $4,000; barley, ba, 80 600
on the produce exchange to-day the butter
quiet; creamery. 1S@26c; dairy, 16@22c.
Eggs, easier; fresh northern, 17@I7Isc
r. M. NEWPORT g. som